U.S. Department of Housing and Urban Development, Asst Secretary for Housing--Federal Housing Commissioner
Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate
Key facts
- Open now
- None right now
- Type of help
- Loan guarantee
- Deadlines
- Contact the headquarters or regional location, as appropriate for application deadlines See MAP Guide
This program offers loans or loan guarantees, which must be repaid.
What it pays for
Section 221(d)(4) insures mortgage loans to facilitate the new construction or substantial rehabilitation of multifamily rental or cooperative housing for moderate-income families, elderly, and the handicapped. Single Room Occupancy (SRO) projects may also be insured under this section. (See program 14.184).
Who can apply
Public, profit-motivated sponsors, limited distribution, nonprofit cooperative, builder-seller, investor-sponsor, and general mortgagors.
Match
Match: none required (federal program listing). Statutory Formula: Title 221 of the National Housing Act, Part 220, Subpart C and D,Public Law 12 U.S.C. 1715I.HUDCLIPS.org for additional information.